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The UK's Financial Conduct Authority is reportedly preparing a regulatory framework for tokenized gold, a report said, covering how such products may function as collateral assets in wholesale markets.
Collateral use is the focus The wholesale collateral angle is what distinguishes this from standard consumer-facing digital asset oversight.
Allowing tokenized gold to serve as margin or collateral in institutional settings would affect counterparty credit arrangements, settlement mechanics, and the range of instruments professional traders can post against open positions.
The FCA has not publicly confirmed the report. No draft rules, consultation papers, or timelines have been disclosed based on the available source.
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